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ET

Emiac Technologies IPO

IT Services / Software - Emiac Technologies Ltd provides IT services including software development, cloud hosting, and enterprise solutions

Last DayBSE SME27 Mar - 8 Apr, 2026

Price Band

Rs 93 - 98

Cut-off: Rs 98 per share

Lot: 1,200 - Min Rs 1.18L

Open

27 Mar 2026

Last Day

08 Apr 2026

Allotment

09 Apr 2026

Listing

13 Apr 2026

GMP Today

52d ago

Rs 0

0% premium

Refresh in --:--

Est. Listing Price

GMP Based

Rs 98

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 0

+0.0% (1200 shares)

Subscription

0.15x

Day 6 - Live

IPOGyani AI Engine - Live Prediction
-2.5%

Range: 0% to 1.5%

Confidence: Moderate - 54%

Confidence Score - 54%

📈 GMP Trend Anchor Quality🧠 Sentiment 38/100📊 Sub 0.15x🏭 IT Services / Software
Next refresh: --:---Updated: --:-- IST-Model: IPOGyani v2.1

Live Subscription Tracker

Real-time subscription data

Waiting for first subscription update…

Current IPO Status: lastday

About Emiac Technologies

IT Services / Software

Emiac Technologies Ltd provides IT services including software development, cloud hosting, and enterprise solutions. The company serves clients across various sectors with focus on digital transformation services.

Issue Details

Total Issue Size

Rs 31.75 Cr

32,39,796 shares

Price Band

Rs 93 - 98

Fresh Issue vs OFS

Fresh Issue
Rs 31.75 Cr (100%)

Basic Details

IPO Date
27 Mar 2026 - 08 Apr 2026
Listing Date
13 Apr 2026
Lot Size
1200 Shares
Min Investment
Rs 1,17,600
Listing At
BSE SME

Reservation Quota

QIB

50%

Retail

35%

NII

15%

Lead Manager

Ekadrisht Capital

Registrar

Bigshare Services

Objects of the Issue (as per DRHP)

  • 1Purchase of computers, laptops, and related accessories
  • 2Software subscriptions and cloud hosting
  • 3Funding working capital requirements
  • 4Hiring of manpower
  • 5Branding, advertising, and marketing activities
  • 6General corporate purposes

Company Financials

Revenue Growth

61.8% YoY

FY23

Rs 5.38 Cr

FY24

Rs 12.4 Cr

FY25

Rs 20.06 Cr

Other Financial Metrics

EBITDA (FY25)

Rs 8.79 Cr

213.9% YoY

ROE

40.26%

Return on Equity

ROCE

40.91%

Return on Capital

Debt/Equity

0.15

Low Debt

2-Year CAGR

Revenue CAGR93.1%
Profit CAGR217.0%

P/E Ratio

20.91x

At upper band

Market Cap

~119.88 Cr

Post issue

MARKET SENTIMENT SCORE

0
50
100
+38
Bearish

Based on expert reviews, GMP trends & market signals

Expert Reviews & Opinions

0
Positive
2
Neutral
1
Negative
UnivestAnalystNeutral

By Univest Research

Neutral rating. Revenue growth is strong but GMP at zero indicates weak market demand. High-risk SME IPO.

02 Apr 2026
CA Rachana RanadeYouTuberNeutral

By CA Rachana Ranade

Exercise caution. Zero GMP and low subscription suggest limited listing gains. Consider only for long-term.

01 Apr 2026
MoneycontrolNewsNegative

By Moneycontrol Research

The weak subscription numbers and nil GMP are concerning. Wait for better opportunities in the market.

03 Apr 2026

Reviews are AI-summarized from top financial YouTubers, news channels, and other expert sources. Each summary is limited to 2 lines for quick reading.

Peer Comparison

Comparing with 3 listed peers
IPO P/E Ratio
20.91x
vs Peer Avg: 34.9x
IPO Market Cap
~119.88 Cr
Peer Avg: 6L Cr
IPO ROE
40.26%
vs Peer Avg: 34.2%
Peer Avg P/B
11.1x
Price-to-Book ratio
CompanyMarket CapRevenuePATP/EP/BROE
ET
Emiac TechnologiesIPO
~119.88 CrRs 20.06 CrRs 4.22 Cr20.91x-40.26%
Infosys6L Cr1L Cr24.1K Cr24.2x8.4x32.5%
TCS14L Cr2L Cr46.0K Cr29.4x14.2x48.8%
Happiest Minds12.5K Cr1.9K Cr245 Cr51x10.8x21.2%
Peer Average6L Cr1L Cr23.4K Cr34.9x11.1x34.2%

Quick Analysis

  • Emiac Technologies's P/E of 20.91x is lower than the peer average of 34.9x, suggesting relatively attractive valuation.
  • ROE of 40.26% is above peer average (34.2%), indicating better return on equity.
  • Market cap post-listing would place Emiac Technologies below peer average in terms of size.

* All peer data is from publicly available sources. Financial figures are latest reported annual numbers.

IPO Details

Open Date27 Mar 2026
Close Date08 Apr 2026
Allotment Date09 Apr 2026
Listing Date13 Apr 2026
Issue TypeBook Build Issue
Issue SizeRs 31.75 Cr
Fresh Issue31.75 Cr (100%)
OFSNil
Face ValueRs 10 per share
Price BandRs 93 - 98
Lot Size1,200 shares
Min Investment (Retail)Rs 1.18L
Listing ExchangeBSE SME

Company Information

Company NameEmiac Technologies Ltd
IndustryIT Services / Software
RegistrarBigshare Services
Lead ManagerEkadrisht Capital
Market Cap (Upper)~119.88 Cr
P/E (Upper Band)20.91x

About the Company

Emiac Technologies Ltd provides IT services including software development, cloud hosting, and enterprise solutions. The company serves clients across various sectors with focus on digital transformation services.

Emiac Technologies IPO — Frequently Asked Questions

8 common questions about this IPO

  • 01.What is the price band of Emiac Technologies IPO?
    The price band of Emiac Technologies IPO is Rs 93-98 per share. The lot size is 1200 shares per lot, so the minimum retail investment is Rs 1,17,600.
  • 02.What is the GMP of Emiac Technologies IPO today?
    The current Grey Market Premium (GMP) of Emiac Technologies IPO is TBA. GMP is an unofficial market signal and not a guaranteed listing price. IPOGyani updates GMP every 15 minutes from multiple grey-market sources.
  • 03.When is Emiac Technologies IPO opening and closing?
    Emiac Technologies IPO opens for subscription on 2026-03-27 and closes on 2026-04-08. The allotment is expected on 2026-04-09 and listing on 2026-04-13.
  • 04.What is the expected listing gain of Emiac Technologies IPO?
    IPOGyani's AI model predicts a listing gain of approximately -2.5% for Emiac Technologies IPO. The prediction combines subscription velocity, peer-group performance, sector trends and fundamentals. This is an estimate and not investment advice.
  • 05.Should I subscribe to Emiac Technologies IPO?
    Emiac Technologies IPO is currently 0.15x subscribed with a GMP of TBA and an AI-predicted listing gain of -2.5%. Read the full analysis on this page — including expert reviews, peer comparison, financials and subscription pattern — before making any investment decision.
  • 06.Who is the registrar of Emiac Technologies IPO?
    The registrar of Emiac Technologies IPO is Bigshare Services. After allotment you can check your status on the registrar's website using your PAN or application number.
  • 07.Who are the lead managers of Emiac Technologies IPO?
    The lead manager(s) of Emiac Technologies IPO is/are Ekadrisht Capital.
  • 08.How can I apply for Emiac Technologies IPO?
    You can apply for Emiac Technologies IPO via UPI through any SEBI-registered broker (Zerodha, Groww, Upstox, ICICI Direct, HDFC Sky etc.) or through ASBA via your bank's net-banking portal. Select Emiac Technologies, pick the number of lots (1200 shares per lot), enter your UPI ID, and approve the mandate before the IPO closes on 2026-04-08.

Disclaimer

IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.

AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.

GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.

Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.